My question involves bankruptcy in the state of: CA.
Hi, I was wondering if any one can answer this for me.
I recently, lost my job and about to file a bankruptcy.
I live in a house with 1 mortgage and also I have a HELOC on the same house (as a second mortgage).
I do own a condo in Florida (paid off). That condo belongs to LLC. I am the owner of that LLC. If I file a personal bankruptcy, is there any way that bank/court may go after assets in my LLC (my condo)?
I was told that by filing Ch7 (Ch13) , my 2nd mortgage and c/card debts will go away but, I will be able to keep my house (primary residence) and also my condo in Florida.
Thank you,
Andre

